Investments consist of treasury bills that were purchased in November, 2018 and mature in January, 2019. Prepaid insurance is for two years. What amount should be included in the current asset section of Janson's December 31, 2018, balance sheet

Note

This is an incomplete question and the missing part is stated below.

Jason's corporation co trial balance include the following account balances at December 31,2018.

Account receivable : 13,800

Inventory : 40,000

Patent : 13,000

Investment :30,500

Prepaid insurance : 7,900

Note receivable , due 2021 :50,600

Explanation:

Current assets are assets that are reasonably expected to sold or consumed through normal business operation within an operating cycle(within a year)

Looking at the balances given in the question , the current asset balances are

Account receivable (payment are expected within a year ) - 13,800

Inventory (expected to be utilized during regular operation) -40,000

Investment ( turnover expected within a year )- 30,500

The portion of prepaid insurance meant for immediate next year - 7900/2 ,3950

Total current asset = 13,800+40,000+30,500+3950 =88,250